SAN FRANCISCO (AP) — Microsoft says it will offer more paid leave to new parents and increase other benefits for U.S. employees, a day after Netflix announced generous new-parent benefits for its workers.
Under its new policy, Microsoft Corp. will increase total paid leave for new mothers to 20 weeks, from a current 12 weeks paid and eight weeks of unpaid leave. New fathers will get 12 paid weeks, instead of four paid and eight unpaid. Microsoft is also increasing its contribution to employees’ 401k plans.READ MORE: Business Owner Hopes Philadelphia's Penn’s Landing Stays Safe Following Triple Shooting That Injured 3 Teenagers
The move follows Netflix’s offer of up to a year of paid parental leave. Many tech companies offer generous benefits as they compete to attract talented engineers and other workers.READ MORE: Marple Township Police Asking For Public's Help To Find Missing Businessman
Netflix has about 2,000 workers, while about half of Microsoft’s 110,000 workers are based in the United States.MORE NEWS: Philadelphia School District's Mask Mandate Goes Back Into Effect On Monday As COVID-19 Cases Rise
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